Credit

Bulgaria's Government to Take A Loan

Bulgaria's Government approved the preparations for issuing state bonds at the international stock market, said the Government press office. 

The Government authorized Finance Minister Petar Chobanov to negotiate with the selected managing banks and the legal consultants, as well as to sign on behalf of the state all necessary documents. 

Property of Bulgaria's Burgas Shipyards Put Up for Sale

The property of Bulgaria's Burgas Shipyards AD is being put up for sale.

The procedure was launched upon the request of the creditors and a writ of execution issued by the Burgas Regional Court, according to reports of the BGNES news agency.

The announcements have already been published in the public sales register.

Consumer Loan Act Changes Pass 1st Reading in Bulgaria's Parliament

A set of amendments to the Consumer Loan Act passed first reading in Bulgaria's Parliament.

The legal changes, put forth by Yordan Tsonev, MP from liberal party Movement for Rights and Freedoms (DPS) and Rumen Gechev, MP from the Bulgarian Socialist Party (BSP), were approved with 99 votes in favor, 4 votes against and 7 abstentions, according to reports of dnevnik.bg.

UAE loan to go towards repaying costly loans, infrastructure

KOPAONIK - The USD 1 billion loan that Serbia is set to obtain from the United Arab Emirates (UAE) is very favourable and the money should be used to repay or refinance the most expensive loans and invest in development, the president of the National Bank of Serbia (NBS) Council of the Governor Nebojsa Savic said on Thursday.

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